AUDJPY Long Idea
On the daily and 4 hour time-frame we can see that AJ has been very bullish however, on the higher time-frames price action shows to be very bearish
Continuing with the most current trend we’re looking for long setups until we see a significant transition (break of a higher low) then our bias will change
At the current support level we can see that we have a 100% fib retracement and from here we’re looking for strong bullish setups before we target higher..
Our target for this pair will be our major resistance level around 77.000 and our -27% fib level
On the daily and 4 hour time-frame we can see that AJ has been very bullish however, on the higher time-frames price action shows to be very bearish
Continuing with the most current trend we’re looking for long setups until we see a significant transition (break of a higher low) then our bias will change
At the current support level we can see that we have a 100% fib retracement and from here we’re looking for strong bullish setups before we target higher..
Our target for this pair will be our major resistance level around 77.000 and our -27% fib level
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.